Veeco MOCVD Tools Selected for Capacity Expansion at Xiamen Sanan OptoElectronics in China
October 26, 2009
PLAINVIEW, N.Y.--(BUSINESS WIRE)--Oct. 26, 2009-- Veeco Instruments Inc. (Nasdaq: VECO), announced today that Sanan OptoElectronics of China has placed multiple tool orders for Veeco’s TurboDisc® Metal Organic Chemical Vapor Deposition (MOCVD) Systems to expand their manufacturing capacity of high brightness light emitting diodes (HB-LEDs).
Mr. Simon Lin, CEO of Sanan, commented, "The addition of Veeco's high productivity MOCVD systems to our manufacturing facilities in Xiamen and Tianjin, China ensures that we can continue to increase output of our market-leading HB-LEDs. We are seeing increased demand for LEDs in such applications as general illumination, TV backlight and outdoor display.”
Bill Miller, Ph.D., Senior Vice President, General Manager of Veeco's MOCVD Operations commented, "We are pleased that Sanan, a key technology leader and the largest manufacturer of HB-LEDs in China, has chosen Veeco’s TurboDisc MOCVD Systems for its capacity expansion. We are looking forward to partnering with Sanan as they increase their high volume production of HB-LED devices."
About Veeco's MOCVD Systems
The TurboDisc K465 GaN MOCVD System features Veeco's most advanced reactor technology and delivers the industry's highest throughput available for high volume production of GaN-based blue and green HB-LEDs. The TurboDisc E475 As/P MOCVD System is engineered for high-volume production of red, orange and yellow HB-LEDs, and offers a level of process control and reliability unmatched by competing MOCVD technologies.
About Sanan Optoelectronics Co. Ltd.
Sanan Optoelectronics Co. Ltd. is the largest manufacturer of full color LEDs in China. They are engaged in the design, development, manufacture and distribution of full color ultra high brightness (UHB) LEDs, epitaxial wafers, photo-diode detectors and compound solar cells. The company is headquartered in Xiamen, PRC. They are traded on the Shanghai Stock Exchange (ticker: 600703). Visit www.sanan-e.com/en for more information.
Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. We have leading technology positions in our three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments. Veeco’s manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona, Massachusetts and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and APAC. For more information about Veeco please visit us at http://www.veeco.com/
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2008 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
Source: Veeco Instruments Inc.
Veeco Instruments Inc.
Debra Wasser, SVP Investor Relations & Corporate Communications
Fran Brennen, Senior Director Marcom